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Money
Currency: Peso Uruguayo (urug$) = 100 centécimos. Notes are in the denominations of urug$1000, 500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of urug$10, 5, 2 and 1.
Currency exchange: Visitors are advised to buy local currency at banks and exchange shops, as hotels tend to give unfavourable rates. Inflation in Uruguay, though less severe than in other Latin American countries, leads to frequent fluctuations in the exchange rate.
Credit & debit cards: MasterCard, American Express, Diners Club and Visa are the most commonly used. Check with your credit or debit card company for details of merchant acceptability and other services which may be available. ATMs may reject US or European credit cards.
Travellers cheques: Sterling travellers cheques can only be changed at The Bank of London & South America; visitors are therefore advised to carry US Dollar travellers cheques (US$50 and US$100 denominations only).
Currency restrictions: There are no restrictions on the import or export of either local or foreign currency. It is advisable not to change more than needed in order to avoid delays and losses when changing local currency back into foreign currency.
Exchange rate indicators
The following figures are included as a guide to the movements of the Peso Uruguayo against Sterling and the US Dollar:
| Date | May ’02 | Aug ’02 | Nov ’02 | Feb ’03 | | £1.00= | 25.28 | 41.44 | 43.49 | 45.14 | | $1.00= | 17.35 | 27.25 | 27.50 | 28.35 |
Banking hours: Mon-Fri 1300-1700.
Copyright © 2003 Columbus Publishing Ltd.
Terms and Conditions apply.
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